They didn't used to count financial gains as part of the product [GDP] they looked at it as a subtrahend. You have the product and what you have is what you take home - that was the GDP, what you end up with. But now it's all what you don't end up with, forget what you do end up with, that doesn't count: It's only what you don't end up with that they consider the whole purpose of the economy, being run for the financial, insurance and the real estate sector [FIRE], that basically is the top 1% or 5% or 10% of the economy. And it's not the economy that you're part of.
Michael E. Hudson
sub·tra·hend/ˈsəbtrəˌhend/nounMathematics
In the Bible, Isaiah 61 describes a future Jubilee Year for Israel, when God will free the people from debt and slavery. The expression of Isaiah 61,2 "year of the Lord's favour" clearly refers to the prescriptons in the Book of Leviticus on the jubilee year (Lev 25,10-13). Therefore at Nazareth Jesus was proclaiming a Jubilee year.
Reading of Isaiah 61, Leviticus 25 and Luke 4:16
The jubilee concerns a return of property holdings and not simply the liberation of the enslaved or the poor. And thou shalt number seven sabbaths of years unto ...
Empire and Economics: The Long History of Debt-Cancelation from Antiquity to Today
The phrase “forgive us our debts, as we also have forgiven our debtors” appears in the Lord's Prayer, which is found in Matthew 6:9–13
Michael E. Hudson:
That was what the first sermon of Jesus was all about. When he went to the synagogue, and Luke explains that he unrolled the scroll of Isaiah the prophet and said, “I’ve come to proclaim the year of the Lord,” which was the debt cancellation — the Jubilee year — that was brought in from Babylonia into Judaism, as it was done all through the Near East. Assyria had it when it conquered Judea. Babylonia had it when it conquered Judea and took the exiles to Babylonia, and the exiles, picked up, literally the same word used in Babylonian for a clean slate (debt cancellation), brought it back to Israel, and word for word had the same conditions of a clean slate: when a new ruler took the throne, or when there was other reasons — a war was over, or there was any reason for a debt cancellation — you’d cancel the debts, you’d liberate the debt servants to go back to their families, you’d give them back the pledges that they’d made. If they pledged a slave girl, they’d get the slave girl back. If they pledged their land, they’d redistribute the land.
People who translated the Bible, from the fourth century, down to about the twentieth century, didn’t really know what these words meant. What does it mean, “year of the Lord?” What does it mean, “deror,” which was the debt cancellation? And it was only after Assyriologists began to find out how all of Near Eastern society had debt cancellation, just like anthropologists were finding that all the way from the Native American Indians to European realms, you’d have this practice of restoring balance. The idea was, how do we prevent society from destabilizing and polarizing? You cancel the debts.
https://braveneweurope.com/michael-hudson-on-debt-parasites
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— in North Africa it was the Donatists — are you going to support the poor, which is what Jesus and early Christians talked about?” Rome said, “Well, now there’s a state religion, the state is the army supporting the wealthy landowners. We’re just going to kill you, unless you join our church.” And that was Augustine’s universal church. He said, “Forget what Jesus in the Lord’s Prayer said about, ‘Forgive us our debts.’ What he meant was, the debt of Adam having sex with Eve. That’s original sin, we’re born into sin, that sin is all about sex. It has nothing to do with the sin of offence and egotism and hurting others and getting other people in debt. Forget that because, the Roman Empire, debt is us.” In other words, Augustine said, “I’m pro Wall Street.”
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It was St. Augustine that changed all of this. He said, forget the idea of monetary debt. The church in the fourth century had been banning usury, banning the charging of interest. And St. Augustine said, “Wait a minute. Now that Constantine has made Christianity the state religion, we’ve got to support the state.” And he ended up fighting against the original Christians who wanted to protect the poor from the rich, who were forcing them all into debt — especially in North Africa, which was the first part of the Roman Empire to really go feudal, huge land of feudal law states with serfs called coloni who were tied to the land, just like serfs in the Middle Ages. And so Augustine said, “If we’re going to be a universal church, then universal means you can’t have any disagreement.” So the great authority on this period, Brown, wrote that Augustine was really the founder of the spirit of the Inquisition. He appealed to the Romans, to support him against the people who actually believed that the church should do what it had done for the last four centuries: support the poor against the rich. And they basically ended up killing them or exiling them, and grabbing the church property and giving it all to Augustine. And he said, you know, forget about debt — from stoicism to early Christianity, the whole idea was, what’s sinful is for the wealthy people to use debt to oppress other people, to take debt out of the interpersonal affairs and just personal injury and keeping the peace, to making debt monetary, and getting people in debt and then saying, well, just like there was a legacy from archaic times, that people couldn’t pay the debt, they were exiled. And the Bible has cities of exile, cities of refuge. And if you had people who couldn’t pay the debts, and society didn’t want them to start a big feud, then you’d exile them. Until basically a new ruler would come in, who would declare a clean slate. He would say, “Okay, everything’s over, all you people can come back, we’re going to have a new beginning. Nope, no debts.”
To get back to your question — how did all this begin? — in Mesopotamia basically most debts began to be owed to the palace or the temples, in an agrarian economy. Obligations were paid throughout the year. If you were in the third millennium Sumer, or second millennium Babylonia, what do you do during the crop year, when you want to go out to a bar? They actually want to alehouses, and the alehouse lady would do just what a bartender would do today: they’d put it on the tab, and you’d run up a tab to the alehouse, you’d run up a tab to the palace for advances of animals, or water, or agricultural inputs, and everything was done by credit, and the debts would all be paid on the threshing floor, in grain. And a unit of grain was equal to a unit of silver. So the palaces could keep the economy records with a dual monetary standard and have a single standard that would include domestic agricultural economy, the weaving of textiles, feeding people, and also foreign trade.
So you’d have these debts, but sometimes, you would have a crop failure. And at that time, you would have, like in the laws of Hammurabi, you say, “If the storm god comes, Hadad, and ruins the crops, then the debts don’t have to be paid.” Because obviously, what would happen if you had all these cultivators who’d run up debts to the ale lady who was sort of a public official — they call them pubs in England, because they’re public houses. What would you do if the members of your family got married, and you had to pay a temple priest to perform the ceremony. All these things would be mounted up during the year. And if there was a crop failure, or if there was a war, or if there was a drought, and you couldn’t pay, what would happen if you hadn’t wiped out the debts? All of a sudden all these people that owed debts would become the servants of the person who they owed them to, a wealthy person.
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Well, all this changed when, in around the eighth century BC, when you have Near Easterners begin to sail westward into the Mediterranean, into Greece, the Aegean and Italy, and they brought the idea of trade, weights and measures, and commercial contracts. And also the idea of interest-bearing debt appeared for the first time in the societies. There was no concept of interest in in the West, in all of the Linear B documents of Greece, from about 1,600 to 1,200 BC, you had a palatial economy, but there was no concept of interest anywhere. All of a sudden this was brought and you had basically local chieftains, who all of a sudden became what a number of historians now call mafia families. Local cities were like mafia groups, and they found a way of just monopolizing the land, until about the seventh and sixth centuries. There were revolutions all over by reformers, all over Greece, and Italy, and reformers, later were called “Tyrants.” But they called themselves reformers, and they were the people who introduced what became democracy. They introduced public building, they ended up incorporating the population, and preventing debt bondage.
The whole fight of early society, every society, was how do you prevent the population from falling into bondage? And the palaces had a reason for doing all of this. If you would have the taxpaying smallholders, the small cultivators, owing their crop to the creditor and owing their liberty, having to go to work on the creditor’s land, instead of working as a corvee, building palace walls and digging ditches for irrigation, if you would have these people fall in debt to the creditors, they wouldn’t be able to pay this crop surplus and labour surplus to the palace any more. The creditors would take over. And the whole idea of rulers throughout the Near East, all the way into probably the early kings of Rome, who said, “The one thing we’ve got to do is prevent the creditor class from becoming an independent oligarchy. Because if it becomes independent of us, and it gets the economic surplus, they’re going to use this labour to hire an army. They’re going to overthrow us and they’re going to become the state.”
https://www.nakedcapitalism.com/2024/08/michael-hudson-forgiveness-foreclosure-christianity.html
Dr. Hudson: Well, the Babylonian word for the clean slate, debt cancellation, was “andurārum”, meaning “free flow”, as in bond servants being free to go back to their family. And that was a cognate to the Hebrew word “deror”. Andurārum, deror. It seems that when the exiled jewish families returned to Israel under the Persian permission they incorporated the Jubilee Year into the core of Mosaic law in Leviticus 25. Recently there’s been [found] whole archives of the Jewish population in Babylonia and they assimilated to the Babylonians. We have their wills and their marriage agreements. They picked up all of the Babylonian rules for andurārum. And the wording of Leviticus 25 was almost word for word from Hammurabi’s laws. In the first place, the personal debts were annulled. And secondly, the bond servants who had been pledged to creditors, usually the daughters or wives, were liberated and free to return to their homes. And house slaves also were returned to their former owners who had pledged them to their creditors. And in the third place, land tenure rights that had been forfeited to creditors or sold under economic duress were returned to their families. And similar acts of these were found throughout the 3rd millennium, 2nd millennium, and early 1st millennium throughout the Middle East, even in the Assyrian Empire. So there was a general broad recognition of the fact that the natural tendencies of economies was to polarize if they were not checked by royal fiat, to restore a well-ordered economy. And that’s what makes the economics of the third millennium, second millennium of the Bronze Age so much superior to modern economics. We have the mathematical training of scribes. They’ve all been preserved, and they’re more sophisticated than anything used by the National Bureau of Economic Research. Or anything that I was taught in my PhD at NYU.
On the one hand, you had the Babylonians calculate the growth of herds, and they were an S-curve tapering off. And they also had to calculate how long does it take a debt to double and redouble and quadruple, and that was by compound interest. And they showed that the [growth] rate of compound interest of debt was much higher than the ability to pay out of the growth of herds or the increase in grain production that had remained fairly stable or more slowly growing. And that concept of the distinction between the debt overhead and the economy’s ability to pay without losing their land, without having lower living standards, without losing their property and falling into bondage. That’s completely missing from the economic models talked about today. So there’s no way of understanding why the Western economies are deindustrializing. In biblical times, certainly at the time that the Bible was edited, after the return from exile, they all understood this.
Dr. Hudson: Well, it wasn’t simply Jesus’ role to begin with. We know now from the Dead Sea Scrolls that there was a large movement among the Jews to make sort of midrashes, quotations from all of the different parts of the Bible, including the prophets that mentioned debt cancellation. But in terms of Jesus, Luke describes him as going back to the temple in his native city, and he unrolled the scroll of Isaiah, proclaiming the Year of the Lord. That is the good news. The word “gospel” meant good news, and wherever it was used, it was always used in conjunction with debt cancellation. And that meant it was time for the Jubilee Year to be proclaimed. Now, the problem was that by Jesus’ time, it was quite different from what it was five centuries earlier. The powerful financial oligarchy had emerged among the Pharisees, for instance, whom Luke claimed loved money. And the well-to-do classes resisted Jesus, but demands for debt cancellations were very widespread. And since the return from exile, these wealthy families had emerged and created basically a rabbinical school. One of the leaders was Hillel, who introduced the Prosbul, which was a clause in loan contracts where the debtor signed agreeing not to avail himself of his rights under the Jubilee Year. Well, similar clauses had been drawn up almost 2,000 years earlier by Babylonian creditors in the second millennium, but they were all nullified in court proceedings. But the rabbis basically overthrew the whole core of Judaism, and that left the traditional Jews to become Christians. And it was not only Jesus, it was others at the time, just as throughout antiquity for 500 years in Greece and Rome, there’d been debt revolts. But Jesus became the center of what was reported in the Bible, because at that time, the writing in Judea and other Western countries was not on clay tablets, and so we just don’t have the letters that they wrote anymore.
Dr. Hudson: Gradually, you had a rise in economic prosperity. Economies were becoming productive and rich enough to afford the emergence of a wealthy oligarchy independent of the kings. There was a whole break in Near Eastern civilization around 1200 B.C. There was bad weather. Apparently there was a drought. And you had in Mycenaean Greece, for instance, the palaces disappeared. And so you had very early on, when interest-bearing debt was brought to the Mediterranean, to Greece and Rome around the 700s BC, you didn’t have any kings in the West. These were Near Eastern. There was no central authority able to cancel the debts. There was always human greed as a constant. But wherever this had emerged in primitive indigenous communities, communities had always taken moves to keep this greed in check. But Western civilization didn’t have any of these checks and balances. And when debt was brought to Greece and Italy, you had basically mafia-type aristocracies controlling the land. These had to be overthrown by the Greek tyrants in order to sort of free their societies. There was a social revolution in the 7th and 6th centuries that overthrew the mafia-type aristocracies, and the tyrants were the reformers who paved the way for democracy taking place. So we’re talking about a universal phenomenon. Nobody was copying anyone else. They didn’t have to copy. You had essentially credit becoming privatized in the West as opposed to being a public function in Near East and Asiatic societies. Only the West had privatized the land and money and credit in the way that it’s done to the extreme case that no earlier society was rich enough to have been able to afford.
Dr. Hudson: Well, remember, when Constantine converted to Christianity, he moved the center of the Empire to Constantinople. That became the new Rome, and the result was that Christianity became Orthodox Eastern Christianity, and Constantinople was the center. But there were also four other patriarchs. There was Antioch, there was Alexandria, there was Jerusalem, and Rome was left as a completely decadent patriarchate. There was a Roman pope, but it was controlled by local families in control of Rome. Vatican history refers to the 10th century popes as the pornography. It was rule by the concubines that was utterly corrupting Christianity. What you had in the East was not what you had in Rome in the West.
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St. Augustine grew up as something of a rake, right? He enjoyed wine, women, and song in his early days, and he felt remorseful or apologetic about that history. And so he wove that into his theology—this idea that forgiveness is more about personal sexual sins and less about falling into hopeless and irrecoverable debt or debt bondage. Does that all track?
Dr. Hudson: He was also an opportunist and a power-mad himself. The problem Augustine faced was to obtain Roman support against the real Christians. In his North African area, these were the Donatists. The Roman landowners were creditors, so the new reversal of Christianity could not accept the Lord’s Prayer calling for debt cancellation. Augustine called in the Roman troops to fight against Christians. His problem was, how do we get rid of Christianity and call it Christianity? His biographer, Peter Brown, calls him the real founder of the Inquisition. He was the disaster that made Western Christianity what it was: anti-Christian and absolutely antagonistic to the Christianity that survived in Constantinople in the East.
Well, Augustine said what Jesus meant wasn’t to cancel the debts at all, but what needed to be forgiven was sin, mainly of a sexual or other egoistic character. And that forgiveness was only available from the Church. It was deemed egoistic to undertake, for instance, good works by oneself. Or to cancel debts—that was condemned as being egoistic. Only by turning money over to the church, which meant the poor (the clergy who were acting as proxies for the poor)—that was the only hope for redemption from sin and egotism that was inborn with Adam. Well, the creditors making loans were not Adam. But if you said well, no, the sin has nothing to do with making loans at all. It has nothing to do with debt forgiveness. It’s only inborn from Adam and it’s that you all want sex. I think he was describing his own class. And those advocating debt forgiveness were attacked militarily and [fought] against the sort of anti-Christian Romans who really had turned religion into the doctrine of landowners and creditors. They inverted Christianity. This had already begun under Cyril of Alexandria earlier, but that was the point at which Christianity in the West stopped being Christian.
Dr. Hudson: Well, the papal dictates of 1075 laid out a plan for an imperial papacy to demand obedience by secular kings. And the Pope said, first of all, we want the power of investiture. That is, we want to enable popes to appoint the bishops in every kingdom. And church land was typically the largest land in any kingdom. It was larger than the royal domain. And control of its revenues gave power, basically, to Rome by saying, send all your money to us. Don’t use it for domestic development. And already in around 1054, the Christians had broken from Eastern Christianity and said we want to take over all of the other churches with war. And so they said, well, how are we going to take it over? We don’t have an army. So the popes recruited Norman warlords, like Robert Guiscard in southern Italy and Sicily who made a deal with the pope saying they would make him king if he agreed to make his kingdom a fiefdom of the papacy and pledge fealty to the pope in exchange for kingship and giving regular support to the pope. And William the Conqueror, another warlord, Norman, made a similar pledge to make England a fiefdom of Rome in 1066 and pay Peter’s pence. Armies needed financing, and the papacy arranged the financing by reversing Christianity’s long standing opposition to usury.
Dr. Hudson: Well, the Crusades were against Christians, not against Constantinople until the end. The Crusades were against neighboring Christian countries like Germany that resisted the takeover of Rome. They wanted to reform the papacy and make it less utterly corrupt and greedy, and so they were attacked. Another crusade was against the Cathars in France that had the idea that the papacy and the existing order was devilish and evil, not sacred. So you had Rome attack the Cathars, and they were attacking parts of what is now Yugoslavia that followed Eastern Orthodoxy and Constantinople instead. So the first task of the Romans was, how do we get rid of all the Christians and take over the Christian areas and make them basically our own colonies? And at the very end, of course, they did attack Constantinople and loot it, and that basically paved the way for the Ottoman Empire to replace Christianity there. The Roman destruction of Christianity became self-destructive throughout the West, opening it up to invasions further east. But the essence of the Crusades was a fight against Christians, including the Eastern Orthodox churches, who were the main Christians. So it wasn’t a fight against Islam. Every fight they made against Islam, they lost. They only conquered other Christian countries, and that’s the real story of the Crusades.
Dr. Hudson: Well, Protestantism was created by the financial interests. Here was the problem that bankers had. If they lent money to the Catholic kings, the Catholic kings were so oppressive that they kept going bankrupt. They couldn’t raise the money to pay for the wars, and they kept defaulting. And what the banks wanted was the modern national state. They wanted states that had a parliament that, instead of opposing debts, as they did under the kings, parliaments would be willing to borrow money to wage wars to defend themselves against the Catholics who were attacking them, by pledging all of the revenue of the whole population. And the modern states, [with] the power to tax and pledge public debts, were essentially created with constitutions to satisfy the banking interests, enough to be able to raise credit. And the modern states, ever since the Protestant Reformation, have become basically agents of the international financial class.
https://michael-hudson.com/2023/04/democratic-liberty-versus-oligarchic-liberty/
You stripped away from Roman Christianity the economic and social context that had guided early Christianity. The great aim of Christianity was its anti-Semitism. The last thing it wanted was Jewish Christians because they knew the original Christianity and because that evolved out of Judaism as a whole. You had the first great excuse for expelling not only the Jews but reformers, which was done by probably the most evil saint in Christianity– although it’s hard to say who’s the most– Cyril of Alexandria. Alexandria had a very large Jewish population, and Cyril organized big pogroms to kill the Jews and, in fact, anybody who could read the book. The one thing that the Roman Christians hated was people who could read. If you could read, you’d read the Bible. If you read the Bible, you’d know that there was a clash. So I think the most famous person that Cyril killed was Hypatia, a woman who was a mathematician.
Yes. He sent his thugs, Peter the Hammer, down to the seashore, where they grabbed her, grabbed seashells and scraped all of the skin off her body so there’d be no memory. That was the Christian way of killing.
First, Cyril had a consul at Ephesus calling on the Roman military to kill all of his opponents. You had Christianity hijacked by Cyril. The wealthiest part of the Roman Empire by this time, the fourth and fifth centuries, was North Africa– Egypt and Hippo. The old Carthaginian area was the breadbasket of the Roman Empire; that’s where the grain was made. The Christians there opposed the creditors. They opposed the Romans. They said, “No, what the Romans are doing is not Christianity.” Rome wanted them to turn over all of their sacred books so that they could be destroyed. You can’t have Christianity, as the medieval Christians realized, if people can read the Bible. If they read the Bible, they see that Christianity, under Roman Christianity, fights against everything that the Bible is all about. The North African Christians, many of them refused to turn over the sacred books, and they were killed.
Finally, Augustine came to power, and he sponsored the pro-Romans. There was a civil war that went on decade after decade, preventing the local Roman landowners from indebting the population, from enserfing them. Augustine called on the Romans to take away their churches and to give him their churches. So essentially, Augustine expropriated the Christian churches and made them his own deviant Christianity– I hate to even call it Christianity, it’s really Augustinianism– in a wave of violence.
Peter Brown, who’s the main writer and historian of this period, rightly states that Augustine is the true founder of the Inquisition ever since the Roman Church became the Church of the Inquisition. That’s what I talk about in the third volume of my trilogy, where I pick up matters with the Crusades. So what Rome bequeathed to the West was not only creditor-oriented law but a creditor-oriented Christianity. This is what you have in American Evangelism today. King Jesus will make you rich. Essentially, that became Christianity as it evolved in the West.
Finally, in the 11th century Roman Christianity, there were five churches that survived the decline of the Roman Empire: Antioch, Jerusalem, and Byzantium became the key. What survived the Roman Empire was the Byzantine Empire and its church, which was Orthodox Christianity. Orthodox Christianity maintained many of the qualities of original Christianity, including debt cancellations when there was a crop failure through freezing or a frost that killed the crops and caused a loss of land and indebtedness. You had Constantinople as the main bishopric, with Antioch and Jerusalem. Rome became a backwater until you had the Norman Invasion of Europe.
Rome made deals with William the Conqueror in England and, before that, the Norman Conqueror of Sicily. If you conquer the land, we will bless you – if you agree that you are the feudal serf of the Pope. The kings of England, the kings of Sicily and southern Italy pledged fealty to the Pope, who organized armies to have new crusades with new inquisitions under the Dominicans against Christians who didn’t agree with Roman leadership, whether it was the French Cathars or ultimately the Crusades that looted Constantinople and destroyed its ability to resist what became the Ottoman takeover at the time.
So essentially, you had this split at the time, and most people look at Western civilization as the continuity of Rome without realizing how the Empire itself, under Augustine, made yet another break from the Near East that continued to be the wealthy, solvent part of the Empire in Constantinople and the Near East.
https://www.nakedcapitalism.com/2022/01/michael-hudson-on-debt-parasites.html
The creditors would take over. And the whole idea of rulers throughout the Near East, all the way into probably the early kings of Rome, who said, “The one thing we’ve got to do is prevent the creditor class from becoming an independent oligarchy. Because if it becomes independent of us, and it gets the economic surplus, they’re going to use this labor to hire an army. They’re going to overthrow us and they’re going to become the state.”
So you always had a struggle between the state protecting society from the creditor class — the oligarchy — and the oligarchy wanting to be independent, wanting not to have a debt cancellation. And this was a fight that went on for four centuries before Jesus’s time. The fourth century BC and the Dead Sea Scrolls have shown there was a long political fight. And Jesus represented the people who were trying to fight all of this. And so the early Christians were basically advocates of the Jubilee year, trying to trying to cancel it.
Well, in Rome, the wrong kings were overthrown in about 509 BC by an oligarchy, who essentially wanted to reduce the rest of the Roman population to serfdom. And they were so oppressive, that there was a walkout, the secessio plebis in about 494 BC. They walked out, they came back. There was just five centuries of early Roman history into the Republic — the whole Republic was a long set of one revolt after another after another, wanting a debt cancellation and redistribution of land. All of this was called a democracy. A democracy to the oligarchy means all the creditors are equal, and therefore liberty is the liberty to enslave the rest of the population, and make them dependent on reducing to serfdom.
Democracy throughout antiquity meant serfdom for most of the population. Aristotle was very clear on this. He said, “Many cities have constitutions that appear to be democracies, but they’re really oligarchies.” And in fact, every democracy, Aristotle wrote, tends to turn into an oligarchy, as wealthy people get rich, and then the oligarchy makes itself into a hereditary aristocracy, and lords it over the rest of society, and the only way that you can prevent a total breakdown is when some members of the ruling, wealthy families get together and one family breaks and says, “Look, we don’t want this kind of poverty, we’re going to try to go and take the people into our camp.” Those are the words that Aristotle used: we’re going to take them into our camp and throw out the oligarchs, just as the Tyrants did in the seventh and sixth centuries, in the wealthiest Greek cities, from Sparta to the area north of Athens. Athens was about the last of these cities to have a democracy.
You had this whole background that led to the modern world, which was a world that stopped the tradition of debt cancellation that had liberated populations from debt servitude, from debt bondage, and what became serfdom, and on the idea that, well, the law is inexorable, you’re not going to have any debt cancellation. And there was the fight within the Christian church against Rome, especially again in North Africa, which had been Carthage that was destroyed by the Romans in 146 BC. They took over the very rich agricultural land, and that became the agricultural breadbasket of the Roman Empire from Egypt, all the way to Numidia, which was Carthage but then it went all the way to what is now Algeria, basically, providing all of the grain for Rome.
I offer this, from Luke, Chapter 4:
16 Jesus went to Nazareth, where he had been raised. On the Sabbath he went to the synagogue as he normally did and stood up to read. 17 The synagogue assistant gave him the scroll from the prophet Isaiah. He unrolled the scroll and found the place where it was written:
18 The Spirit of the Lord is upon me,
because the Lord has anointed me.
He has sent me to preach good news to the poor,
to proclaim release to the prisoners
and recovery of sight to the blind,
to liberate the oppressed,
19 and to proclaim the year of the Lord's favor.[e]
20 He rolled up the scroll, gave it back to the synagogue assistant, and sat down. Every eye in the synagogue was fixed on him. 21 He began to explain to them, “Today, this scripture has been fulfilled just as you heard it.”
Let me be quite clear: I am not seeking to convert anyone to anything. I am seeking to discuss the importance of a particular religious understanding and its role and impact on our society.
https://archive.org/details/michael-hudson-on-the-debt-jubilee-part-1
https://archive.org/details/michael-hudson-on-the-debt-jubilee-part-2
https://archive.org/details/killinghosthowfi0000huds/mode/2up?q=michael+hudson+forgive+debts
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